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Mana

Bears broke the bullish trendline in MANA / Trading Range? / H4Bullish trendline and Gray trading zone was marked up in my previous MANA analysis as support levels. MANA didn't get supported at trendline and no buyers there. So it fall down to the gray trading zone. We have a falling triangle currently which is a bull flag in my vision. I'm waiting for breaking this triangle and then I will be with buyers to ATH ( Red Trading Zone ). Higher prices will be logical if price breaks ATH and consolidate above the ATH. Targets based on previous impulsive legs could be: 1) $6.49 2) $7.27 3) $7.81
Long
by AmirSoraya
4
Be fearless when people scare, be scared when people are greedyBeware MANA within the next 24 hours. I would suspect the momentum is created in a past week's downside. The volume of trading is decreasing too, the RSI is compressed below the midpoint, the support at $4.2 is strong and the bear can not break it. The Decentraland as usual open the party on their land. The Axie retook the spotlight from Decentraland and it is time for us to see the comeback of the MANA. However, in order to have a strong push, the MANA might need to go lower at 3.9 to get more momentum for the next $7.5 run. This is not financial advice and trade responsibly!
Long
by Haizsama
1
₿ Cardano 1D ₿ : 02.DEC.2021 : $ADAAs we expected and mentioned before, $Cardano reacted positively after reaching the 1.4$ to 1.5$ support level and reached to 1.7$ with 17% growth. Is also static resistance. Currently , the price is reacting to its volumetric compression resistance , which is also the range of static resistance. If the 1.7$ resistance breaks, the next targets will be $ 1.92, $ 2.27, $ 2.63 and $ 3.1, respectively. Follow our other analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 02.DEC.2021 ⚠️(DYOR) ❤️ To give us energy and motivation , please like and leave a comment. ❤️
Long
by ArmanShabanTrading
2
#MANA is ready to pump more than 80%#MANA in it's #USDT pair made a triangle and there is 2 possible scenarios for this chart in 4h time frame 1 : Break out the triangle and reach to 5.3 and 5.8 as next resistance levels 2: break down supporting level in the area of 4.2 and retest next support in 3.93 and 3.5 IN both scenarios #MANA is following targets : 6.5 - 7.8 - 9 - 10 - 15 Best approach is buy step buy step in the supporting levels and rebuy in Rebuy Zone if stoploss (3.93)
by SorooshSchool
8
So what is the METAVERSE?Think of it like building blocks of a new form of communication. Now in the vague sense, you could replace metaverse with cyberspace. And for you less technology versed people, think of it like "online" or "digital" a lot of the time the term will be referring to an array of various technologies. Like most things in life there are pro's and cons to this - whilst playing games with your friends or taking zoom meetings for work could be done face to face but not face to face using holographic technology, other elements of the metarverse will include things like NFT's, AI, AR and OBVIOUSLY Crypto along with other elements such as digital land. Think of it like a fake world - where you can social distance till your hearts content. As we transition into the METAVERSE; AI, AR as well as limiting and restricting our own travel. Monitoring each and every interaction let alone every transaction. So to over simplify the metaverse - think of it like the way we interact with technology rather than a specific technology. Evolution, a few years back a business partner bought me an Amazon Echo device for Christmas, I said to him what will I do with that?! I ended up with electricity going down for two days and realised how much I used it, I now have 11 Alexa's at home, lights, heaters, TV controls, surround sound, even heated beds. All controlled by Alexa. So much so, I can connect through the app of one of the cars and Alexa will tell me where the car is or how much fuel is left. So this all started long ago - imagine the game sims; You will soon be able to visit virtual galleries, play board games or online games with your friends like being in the same room. Go shopping and pay in crypto. Hang a digital Mona Lisa on the pretend wall that you can view when you stick your fighter jet helmet on. As we have seen with NFT's it has the potential for a big play overall, it's just a question of finding the correct problem to wrap such a solution. Whilst NFT's give a clear advantage to content creators by paying royalties throughout the process - with such high gas fees, the advantage is somewhat limited. At the moment we are going through the teething process in a very infant market. What can it become? I don't know. I wrote a post a few weeks ago on NFT's - be good to get your opinions on this topic too. click the link to follow through to the post. It al translates to a digital economy in essence. where people can create, buy, and sell goods. And, in the more idealistic visions of the metaverse, it's interoperable, allowing you to take virtual items like clothes or cars from one platform to another. ================================================================================================================== Pro's n con's of the MetaVerse; Ok as a pro - it's pretty cool technology and as I mentioned about my Alexa consumption, I am sure there will be practical applications for it. There of course will be completely pointless use cases also. This is where my first fear comes in; the definition of a market bubble. Then you read news like this... Tokens.com Corp, a Canadian investment firm focused on crypto assets, announced it had closed on the “largest metaverse land acquisition in history” through its subsidiary Metaverse Group, whose real estate portfolio spans several different virtual worlds and is reportedly worth “in excess of seven figures.” So the trick is clearly going to be how companies monetize their purchases and who's left carrying the bags? I can say it's going to be an interesting discussion with my grandmother "nan I bought a virtual painting for $2m to hang on a virtual wall inside my virtual mansion I paid another $5m for. Put your headset on and I'll teleport you over. OH hang on, I've been hacked or maybe the server just needs resetting" here response - "WTF you been talking about for the last 10 minutes?" ======================================================================================= So I guess to wrap it up - it's now going to be a race to create a viable business model to package up the hype. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
COINBASE:BTCUSDEducation
by Mayfair_Ventures
8
Mana to $7 or $3 first ?Hello all. Interesting pattern formation for mana both on daily and on the 4hr charts. We have a descending channel which can play as a bull flag and put us around $7. On the other hand, we have formed a descending triangle which is a bearish pattern. The measured move for this patter is approximately 35% which will put us at around $3 range. This level corresponds with the 50 EMA on the daily also with the fib gold pocket. Definitely interesting to watch since we have bearish and bullish sentiment going on. Keep an eye on it. Super bullish long term and buying more. Top of the ascending channel sits around $7 which we will reach very soon no matter what. Thanks for reading and stay tuned. Enjoy.
COINBASE:MANAUSD
by EdgarTigranyan
1
MANA: HTF FractalHTF Fractal taken from previous price increase, when stretched so that the beginning of the run fits the beginning this current run, seems to be somewhat predictive so far. Is this a crazy price target? Yes. May it be warranted? Possibly... MANA is now a direct competitor to 'META' (formerly, 'Facebook'). Meta's current market cap is ~880 billion. MANA's is around 8.6 billion. If MANA had Meta's market cap (so assuming some scenario where MANA becomes THE metaverse, beating out Facebook /Meta and all other competitors), that would put MANA's price at ~$482. Full disclosure: this isn't so much a serious possibility in my mind, at least not yet, I'm just posting this to see how this theory/ fractal pans out; mostly just curious.
Long
by VictorFreed
2